Chapter 100: Dragon King, You’re Really Generous!
Wu Ge was puzzled, “Boss Lin, we were clearly going long on soybeans earlier, why did we switch to going short?”
“Haven’t I told you before? The trading market changes in an instant, you need to adapt quickly! I sensed something off in the market just now. Going long might lead to losses, so I decided to take a short position!” Lin Beifan explained with a smile.
Wu Ge asked, “What about the previous soybean contracts?”
Lin Beifan waved his hand, “I was just testing the market! It was only a few hundred thousand yuan at most, so if we lose, we lose!”
Wu Ge became anxious all of a sudden, exclaiming, “What the heck! How did we switch to a short position? Dragon King Zhaotian has already received my message. They’re definitely going heavily short, pushing down the price of soybeans! By that time, not only will Lin Beifan not lose money, but he’ll also make money!”
Hurry and remedy the situation, it’s getting late!
“Boss Lin, I just remembered I have something urgent to attend to, I need to leave!”
Lin Beifan grabbed Wu Ge’s hand, saying, “Don’t go, the climax is about to happen!”
Wu Ge grew more anxious, “But I really have an urgent matter!”
Lin Beifan smiled, “A few minutes won’t matter!”
As soon as he finished speaking, the large screen refreshed, and the price of soybeans plummeted with a swish.
Instantly, it dropped by 1%!
Before everyone could react, the large screen refreshed again.
The soybean price plunged another 1%!
Wu Ge was stunned!
What the heck!
That darn Dragon King!
Why is he in such a hurry?
In just a short time, he brought it down by 2%!
Lin Beifan laughed triumphantly, “Brother, do you see? The price of soybeans has indeed fallen. Look at this downward trend, unstoppable like a broken bamboo! If it doesn’t drop by 5% today, I won’t believe it!”
Dragon Fang Capital headquarters.
Dragon King Zhaotian said fiercely, “Go short for me! Go short aggressively! I want Lin Beifan to not even have time to react.”
“But Dragon King, this will result in significant losses!”
“Don’t worry about this small amount of money! I’m willing to spend however much it takes to make Lin Beifan lose!”
“Yes, Dragon King!”
Under Dragon King Zhaotian’s efforts, the soybean price plummeted another two percentage points.
Meaning, from the start until now, it had dropped by 4%!
However, the momentum was still strong!
A moment later, it plummeted another percentage point!
Linshi Investment Company trading room.
Lin Beifan laughed heartily, “Brother, did you see? The price of soybeans has already dropped by 5%. Wasn’t my prediction accurate?”
Wu Ge was dumbfounded!
It dropped by 5% this quickly?
He nodded blankly, “Accurate! It’s incredibly accurate! Shouldn’t we make a lot of money?”
“It’s not that much!” Lin Beifan chuckled lightly, saying, “I shorted 200,000 contracts, which cost around 1.2 billion yuan in total! With 10x leverage and a 5% price drop, I’ve only made 600 million yuan!”
“600 million yuan!!!” Wu Ge was shocked.
In such a short time, Lin Beifan made 600 million yuan!
Damn that Dragon King, how much did he pour into this?
Dragon Fang Capital headquarters.
“Report to the Dragon King, we have already invested 1 billion yuan!”
“Only 1 billion? Not enough!” Dragon King Zhaotian shook his head, “Based on Lin Beifan’s usual investment amount, he would lose at most 400 to 500 million yuan! Don’t save me money, keep investing!”
“Yes, Your Highness!”
As a result, a large amount of short-selling funds entered the market.
The soybean price plummeted once again!
In less than a moment, it had dropped by 7%, and the market was dismal.
Lin Beifan laughed heartily, “Brother, do you see? It has already dropped by 7%! That means we’ve made around 800 million yuan! I have a feeling it will drop by 9% today, approaching the limit down level! We have a chance to make 1 billion yuan!”
Wu Ge was stunned!
In less than 5 minutes, Lin Beifan made 800 million yuan?
More valuable than two pieces of calligraphy by Emperor Song Huizong!
Dragon King, you’re really generous!
I’ve never seen someone finance an opponent this way!
Dragon Fang Capital headquarters.
“Keep smashing it downward! Smash with all your might! Smash until it hits the limit down! Today, I won’t let him lose 1 billion yuan, or my name isn’t Zhao!” Dragon King Zhaotian exclaimed loudly.
“Yes, Dragon King!” the black-clad individuals shouted in unison.
As a result, the price of soybeans continued to drop.
It fell by 8%!
Then, it rapidly fell by 9%!
Lin Investment Company trading room.
Lin Beifan laughed heartily, “Look, I really made the right call! Soybeans dropped by 9%, and the profit from this trade has exceeded 1 billion yuan. Not a bad gain!”
Wu Ge: “….”
Dragon King, you’re incredibly generous!
“Boss Lin, the soybean price is about to hit bottom. Should we close our position?” someone asked.
Lin Beifan nodded, “When things are looking up, let’s close the position and go long on soybeans.”
“Alright,Boss Lin!”
Closing a position means taking the opposite action, in this case, going long on soybeans.
Dragon Fang Capital headquarters.
“Report to the Dragon King, there’s a large number of long positions in the soybean futures market, driving up the soybean price! Should we continue to go short?”
A black-clad person spoke loudly.
Dragon King Zhaotian declared, “Continue for me! No matter how many long positions there are, continue with the plan! I’m determined to make Lin Beifan lose everything!”
“To hitting the limit down!”
“Yes, Dragon King!”
Dragon King Zhaotian elegantly held a champagne glass, raised it, and with a “ha,” curved his lips upwards.
“No one can defeat me, the Dragon King!”
Lin Investment Company trading room.
An excited trader exclaimed, “Boss Lin, all the long positions we put out were taken! Our positions are all cleared now, and we’ve earned a total of 1.08 billion yuan! In less than 10 minutes, we’ve earned 1.08 billion yuan. It’s incredible!”
Wu Ge was so shocked that he collapsed to the ground with a thud.
Lin Beifan nodded in satisfaction, “Very well! I’m quite pleased today. Please play three songs for me!”
“Mr. Lin, which songs would you like?”
Lin Beifan elegantly raised a glass of red wine and smiled faintly, “Play ‘How Lonely Being Invincible.’ Thank you!”
With the accompaniment of the music, Lin Beifan danced and sang along.
“How lonely, being invincible, how empty, how empty…”
Lin Beifan gestured, “Did you all not enjoy making 1 billion today? Stay away from me!”
“Wu, my friend, don’t stay on the ground, come with me!”
Dragon Fang Capital headquarters.
“Report to the Dragon King, soybean prices have hit the limit down!”
“Feels good!” Dragon King Zhaotian moaned in delight, “After this wave, Lin Beifan has lost at least 1 billion! He surely didn’t expect me to secretly sabotage him, leaving him with nothing. Hahaha!”
The family members exclaimed together, “Congratulations, Dragon King! Hail to the Dragon King!”
“I’m quite pleased today. Play a song for me!”
“Dragon King, which song?”
Dragon King Zhaotian’s lips curved upwards, smiling mischievously, “Of course, it’s ‘How Lonely Being Invincible’! Only this song suits the atmosphere today! Only this song suits me…”
…
Dragon King!”
As the music began, Dragon King Zhaotian held a champagne glass in his hand and joyfully started to dance.
“How lonely, being invincible, how empty, how empty…”
